The Economics of Supply and Demand | submitted by Carson Young
Economists are trained in Supply and Demand — unfortunately in that sequential order. First, increase the supply — then try to achieve the then needed demand. Most Economists have come to almost “worship” the increased productivity that has become available via our subsidized, Tax-Free Automation output — and the same when it is outsourced. All with little, if any, recognition of the twin results; less jobs, and more that is needed to be purchased with less total consumer income.
Attempts to partially rectify the resulting subsidization of Tax-Free automation reduced employees, and less of those earlier dollars in Withholding Taxes. Our Federal Government — with that combination of increased National Debt, and periodic reductions in services — brought us to where we are now. Government services [are] needed by our Citizens, along with a debt-reducing Automation Value Added Tax (AVAT) applied to the outsourced product portions produced without hands-on controls, just as in our country. This tax compensating, and equalizing proposal was turned down by our White House, and is studiously ignored by Congress in somewhat successful efforts to obscure their National Deficit increase results for as long as possible. My 1987 White House letter proves this point.
Consumers have been encouraged to at least match our government debt with family and personal debts, as we are constantly urged to buy more than we need, to restore some of those lost jobs. The current term is to ‘Stimulate our Economy,’ while homes are being foreclosed — and even as Treasury automatically prints more money and devalues our dollar; bringing the specter of inflation ever clearer….
We need Supply to be responsive to Need Demands – not artificially promoted wasteful behaviors to boost GDP figures higher and higher, forever. Our economy cannot recover by having more of the same. Unfortunately, degrees in economics are unlikely to reflect reality. There is always a political party to be blamed.
Add to this manipulated Virtual Reality that is becoming increasingly important in media after instant media — not just for those applied “first-down” lines on football field broadcasts. We are being “coached” to not recognize the difference between what is real, and what is virtual. As a professional communications engineer, this has become increasingly obvious during more than the last half-century.
Carson “Chic” Young, P.E. EHF
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